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PRICE IMPROVEMENT! Are you ready for summer at Northwood Lake?! This adorable seasonal cottage has been lovingly restored by it's current owners and they are ready to pass it on to the next family just in time for summer. Don't let the square footage fool you, there is space for the whole family and friends too! Your beach/dock access is just a short walk, or ride in your golf cart(all the locals do it) where you can enjoy a swim or spend some time in the clubhouse. There are two storage sheds for all of your summer gear and mini-splits in the cottage can take the chill off on a late summer night or cool you down on a hot summer day. The upstairs loft will be a kid favorite and can easily sleep an additional 4+ people. Last but certainly not least, this community is bustling! You will love the BYOB & a dish to share cocktail hour on Saturdays at the clubhouse, cornhole, horseshoe tournaments, bingo, canoe races, Columbus Day golf cart parade, Halloween party and Friendsgiving! There are even rainy day activities at the clubhouse for the kids! This property offers you so much more than a place to lay your head. Schedule your showing today and you will be in and settled as soon as that warm weather hits!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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Loan Amount | $265,600 | $265,600 | $265,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.695% | 6.810% | 6.026% |
Monthly Tax Payment | $264 | $264 | $264 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,529 | $1,701 | $2,206 |
Total Monthly Payment | $1,868 | $2,040 | $2,545 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.